𝗦𝗮𝗺𝗮𝘀𝘁𝗵𝗶𝘁𝗶 𝗔𝗱𝘃𝗶𝘀𝗼𝗿’𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 – 𝗙𝗼𝗿 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 𝗘𝗻𝗱𝗲𝗱 𝗠𝗮𝘆 𝟯𝟬, 𝟮𝟬𝟮𝟱 𝟭. 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀: 𝗕𝗿𝗼𝗮𝗱-𝗕𝗮𝘀𝗲𝗱 𝗚𝗮𝗶𝗻𝘀 𝗔𝗺𝗶𝗱 𝗦𝗲𝗰𝘁𝗼𝗿 𝗥𝗼𝘁𝗮𝘁𝗶𝗼𝗻 Indian markets ended May on a steady note. While the Nifty 50 (-0.41%) and Sensex (-0.33%) saw mild declines, the Nifty 50 Equal Weight rose +1.12%, showing broader participation. Midcap (+1.4%) and Smallcap (+2.1%) segments led gains, with the Midcap index up +18.9% over 3 months. However, Nifty Next 50 fell -0.50% this week and is down -7.9% over six months, reflecting weakness in select largecaps. ________________________________________ 𝟮. 𝗦𝘁𝘆𝗹𝗲 & 𝗙𝗮𝗰𝘁𝗼𝗿 𝗧𝗿𝗲𝗻𝗱𝘀: 𝗔𝗹𝗽𝗵𝗮 𝗮𝗻𝗱 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗟𝗲𝗮𝗱 𝗙𝗮𝗰𝘁𝗼𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗿𝗲𝗯𝗼𝘂𝗻𝗱𝗲𝗱: • Nifty Alpha 50 rose +2.7% this week and +7.1% over a month. • Momentum gained +1.3% WoW, though remains -6.9% YTD—highlighting ongoing volatility. ________________________________________ 𝟯. 𝗙𝗶𝘅𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲: 𝗬𝗶𝗲𝗹𝗱𝘀 𝗗𝗿𝗼𝗽 𝗼𝗻 𝗗𝗶𝘀𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗕𝗼𝗻𝗱 𝘆𝗶𝗲𝗹𝗱𝘀 𝗳𝗲𝗹𝗹 𝘀𝗵𝗮𝗿𝗽𝗹𝘆: • 6M T-bill yield dropped 41 bps MoM to 5.59% • 10Y GoI yield at 6.22% (down 63.4 bps over 6M) • CPI eased to 3.16% in April from 4.31% in January, boosting rate cut hopes. ________________________________________ 𝟰. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: 𝗧𝗲𝗰𝗵 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵 𝗶𝗻 𝗨.𝗦., 𝗘𝘂𝗿𝗼𝗽𝗲 𝗟𝗮𝗴𝘀 • U.S. indices gained: S&P 500 (+1.2%), Nasdaq 100 (+1.3%) on strong AI earnings and soft inflation (2.16%). • Europe weakened: DAX (-0.3%), CAC 40 (-1.1%) amid mixed data. • Nikkei rebounded +2.1%; Hang Seng fell -1.6% as China stimulus momentum faded. ________________________________________ 𝟱. 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 & 𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝗶𝗲𝘀: 𝗜𝗡𝗥 𝗦𝘁𝗮𝗯𝗹𝗲, 𝗚𝗼𝗹𝗱 𝗘𝗮𝘀𝗲𝘀 • USD/INR at ₹85.57, stable amid FII flows. • Gold dipped -1.4% WoW, but remains +24.2% YTD. • Brent crude at $63.99, pressured by demand concerns and rising inventories. ________________________________________ 𝟲. 𝗠𝗮𝗰𝗿𝗼 𝗕𝗮𝗰𝗸𝗱𝗿𝗼𝗽: 𝗖𝗼𝗼𝗹𝗶𝗻𝗴 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻, 𝗠𝗶𝘅𝗲𝗱 𝗚𝗿𝗼𝘄𝘁𝗵 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 • India’s CPI at 3.16% in April provides RBI policy room. • Global focus remains on U.S. PCE inflation and Fed’s next move. • Diverging global macro trends continue—India and U.S. showing resilience. Until next time, Bye